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GRAYSON RD
TAYL
OR
BLV
D
PLEASANT HILL RD
18881 Von Karman Ave Ste 150, Irvine, California 92612
T (949) 553-2020 | www.hoffmanland.com | CA BRE #01473762
Southern California Office Broker Contact
Norm Scheel, CA BRE #00999403
T (949) 705-0932 | [email protected]
OFFERING MEMORANDUM
The
Hoffman
Company
GRAYSON WOODSGOLF COURSE
PLEASANT HILL, CALIFORNIA
RELIEZ VALLEY RD
Property Overview
Aerials, Maps & Photos
Area Overview
Market Overview
1
2
3
4
3-4
5-9
10-12
13-16
TABLE OF CONTENTS
Location400 Iron Hill Street, Pleasant Hill, CA
Access via Interstate 680 off Gregory Lane and Contra Costa Boulevard.
Assessor ’s Parcel Number164-040-037 and 039
Total AcresApproximately 26.34 Acres
HistoryThe Grayson Woods Golf Course was a public Par 3, 9-Hole Golf Course located in a
residential area of Pleasant Hill, with sweeping views of Mt. Diablo. The course was
closed for play in 2015.
ZoningHillside Planned Unit Development (HPUD)
General PlanOpen Space
SchoolsMt. Diablo Unified School District
Valhalla Elementary School (K-5)530 Kiki Drive, Pleasant Hill, CA 94523
Valley View Middle School (6-8)181 Viking Drive, Pleasant Hill, CA 94523
College Park High School (9-12)201 Viking Drive, Pleasant Hill, CA 94523
*Area school exhibit can be found on page 12.
EntitlementsNo formal application has been submitted to the City of Pleasant Hill. Discussions
have taken place with city planning and staff for senior housing. The conceptual
plan (page 9) attached included 3 acres of memory care yielding approximately
70 units and the balance of the real estate 55-60 small family detached age
qualified units.
In order to develop, the site will need a general plan amendment, zone change and
environmental impact report.
OFFERING GUIDELINES
Proposed Deal StructureAll cash/ Close in 60 days
DepositsInitial deposit of $10,000 to be released to seller at signing of letter of intent.
Following the expiration of the 45 day feasibility period, buyer to release a second
deposit in the amount of $150,000.
Close of EscrowThe closing will occur on the date that is fifteen (15) calendar days after the
expiration of the feasibility period.
H 4G R A Y S O N W O O D S G O L F C O U R S E | P L E A S A N T H I L L
Site Detail
GOLF LINKS ST
IRON HILL ST
SILV
ER H
ILL W
AYDEVON AVE
RELIEZ VALLEY RD
GRAYSON RDH 6G R A Y S O N W O O D S G O L F C O U R S E | P L E A S A N T H I L L
Close Up Aerial
242
680
GREGORY LN
BOYD RD
OAK PARK BLVD
GRAYSON RD
BLUE RIDGE DR
PLEA
SAN
T H
ILL
RD
ALHAMBRA AVE
MONUMENT BLV
D
MEADOW
LN
RELIEZ VALLEY RD
RELIE
Z VALLEY
RD
MORELLO AVE
CHILPANCINGO PKWY
DOWNTOWN PLEASANT HILL
680
SITE VALLEY VIEWMIDDLE
COLLEGE PARKMIDDLE
DIABLO VALLEY COLLEGE
WILLOWSSHOPPING CENTER
SUNVALLEYSHOPPING CENTER
CROSSROADSSHOPPING CENTER
H 7G R A Y S O N W O O D S G O L F C O U R S E | P L E A S A N T H I L L
Vicinity Aerial
H 9G R A Y S O N W O O D S G O L F C O U R S E | P L E A S A N T H I L L
Conceptual Site Plan
COMMUNITYCLUBHOUSE
ASSISTED LIVING ON 2 STORIES80,000 S.F. (±)
SENIOR DUPLEX COTTAGE UNITS (58 ±)
H 11G R A Y S O N W O O D S G O L F C O U R S E | P L E A S A N T H I L L
City Info & Demographics
CaliforniaState
County
Mayor
Incorporated
Website
Historical Annual Growth
Forecasted Annual Growth
0.6%
0.7%
California
Contra Costa
Mayor Sue Noack
November 14, 1961
www.ci.pleasant-hill.ca.us
Pleasant Hill
Weather
Quick Facts
Total Population
Source: Zonda; US Census; Nielsen; Meyers Research LLC, Wikipedia.org, Weather.com
34,650
Total Population (2017)
No. of Households
Median Household Income
Homeownership Rate
Median Age
January Average
July Average
Precipitation
34,650
14,385
$96,628
61.4%
42.8
High 55º, Low 36º
High 89º, Low 51º
20.36 inches
Top EmployersAccording to the City’s 2013 Comprehensive Annual Financial Report, the top
employers in the city are:
Pleasant Hill City Hall
1 Mount Diablo Unified School District 659
2 Contra Costa County Fire Protection 450
3 Safeway 255
4 Target 250
5 Yandell Truckaway 250
6 Nightingale of Contra Costa 200
7 John F. Kennedy University 185
8 Contra Costa County Office of Education 165
9 Hospice of the East Bay 150
10 Irvin Deutscher Family YMCA 150
37,000
36,000
35,000
34,000
33,000
32,0002000 2010 2018F 2023F
TOTA
L PO
PULA
TIO
N
ValhallaELEMENTARY SCHOOL | K-6
530 Kiki Drive,
Pleasant Hill, CA 94523
Tel: (925) 687-1700
Mt. Diablo Unified School District
Valley ViewMIDDLE SCHOOL | 7-8
181 Viking Drive,
Pleasant Hill, CA 94523
Tel: (925) 686-6136
Mt. Diablo Unified School District
College ParkHIGH SCHOOL | 9-12
201 Viking Drive,
Pleasant Hill, CA 94523
Tel: (925) 682-7670
Mt. Diablo Unified School District
1
2
3
GreatSchoolsRating
8out of 10
GreatSchoolsRating
6out of 10
GreatSchoolsRating
8out of 10
VALHALLAELEMENTARY
1
VALLEY VIEWMIDDLE SCHOOL
2
COLLEGE PARK HIGH SCHOOL
3
SITE
GRAYSON RD GREGORY LN
TAYLOR BLVD
CON
TRA CO
STA BLVD
1 MILE
MORELLO AVE
CHILPANCINGO PKWY
All schools are within 1 mile of the subject site.
H 12G R A Y S O N W O O D S G O L F C O U R S E | P L E A S A N T H I L L
Area Schools Exhibit
680
680
242
Source: REALTOR.COM | Januar y 2018
MEDIAN LISTING PRICE
MEDIAN DAYS ON MARKET
$800K
$700K
$600K
$500K
$400K
$300K
$200K
$100K
$02015 2016 2017
100
80
60
40
20
02015 2016 2017
34 Homes for Sale
22 Homes for Rent
H 14G R A Y S O N W O O D S G O L F C O U R S E | P L E A S A N T H I L L
Resale Housing Market: Pleasant Hill, CA
$697K
MEDIAN LISTING PRICE
$695K
MEDIAN CLOSING PRICE
$421
PRICE PER SQ. FT.
H 15G R A Y S O N W O O D S G O L F C O U R S E | P L E A S A N T H I L L
Area ResalesOVER A 1 YEAR PERIOD
Source: Zonda & Redfin | January 2018
Numbers correspond to location map on the following page.
MAP NO. SITE ADDRESS CITY YEAR BUILT UNIT SIZE BED BATH LOT SIZE SALE DATE SALE VALUE PRICE / SQ FT
1 339 Pikes Ct Martinez 1966 2,362 4 3 8,500 11/9/2017 $762,000 $323
2 429 Iron Hill St Pleasant Hill 1998 2,384 4 2.5 5,400 11/3/2017 $955,000 $401
3 2571 Pebble Beach Loop Lafayette 1963 1,604 4 2 16,170 10/17/2017 $825,000 $514
4 426 Iron Hill St Pleasant Hill 1998 2,474 3 2.5 4,300 8/8/2017 $970,000 $392
5 409 Iron Hill St Pleasant Hill 1998 1,989 2 2 6,970 7/26/2017 $460,000 $231
6 413 Iron Hill St Pleasant Hill 1998 2,632 4 2.5 5,685 7/20/2017 $990,000 $376
7 1015 Silverhill Dr Lafayette 1989 4,877 5 4 39,375 7/17/2017 $1,437,000 $295
8 361 Donegal Way Martinez 1966 2,207 4 2.5 9,800 7/3/2017 $780,000 $353
9 1064 Grayson Rd Pleasant Hill 1960 2,190 4 3 21,000 5/31/2017 $1,130,000 $516
10 2525 Pebble Beach Loop Lafayette 1963 2,052 3 2 15,092 5/30/2017 $950,000 $463
11 1072 Grayson Rd Pleasant Hill 1960 2,124 4 3 21,060 5/19/2017 $990,000 $466
12 464 Iron Hill St Pleasant Hill 1999 2,632 5 2.5 5,500 5/4/2017 $1,000,000 $380
13 14 Banbridge Pl Pleasant Hill 1979 2,290 4 3 9,000 4/7/2017 $920,000 $402
14 341 Pikes Ct Martinez 1966 1,416 3 2 8,000 3/10/2017 $655,000 $463
Averages 2,374 12,561 $916,000 $398
10
12
911
76
5
2 4
13
8
3
114
SITE
0.35MILE
GRAYSON RD
TAYL
OR
BLV
D
PLEASANT HILL RD
APEX CIR
RELIEZ VALLEY RD
GOLF LINKS ST
H 16G R A Y S O N W O O D S G O L F C O U R S E | P L E A S A N T H I L L
Area ResalesOVER A 1 YEAR PERIOD
DISCLAIMERThe information contained in this offering material (“Brochure”) is furnished solely for the purpose of a review by prospective purchaser of any portion of the subject property in the City of Pleasant Hill, County of Contra Costa, California (“Property”) and is not to be used for any other purpose or made available to any other person without the express written consent of Scheel Dallape Inc. d/b/a The Hoffman Company (“The Hoffman Company”). The material is based in part upon information obtained by The Hoffman Company from sources it deems reasonably reliable. Summaries of any documents are not intended to be comprehensive or all inclusive but rather only an outline of some of the provisions contained therein. No warranty or representation, expressed or implied, is made by Seller, The Hoffman Company, or any of their respective affiliates, as to the accuracy or completeness of the information contained herein or as to engineering or environmental matters. Prospective purchasers should make their own projections and conclusions without reliance upon the materials contained herein and conduct their own independent due diligence, including engineering and environmental inspections, to determine the condition of the Property and the existence of any potentially hazardous material located at the site.
This Brochure was prepared by The Hoffman Company. It contains select information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may desire. All assumptions are provided for general reference purposes only and are based on assumptions relating to the general economy, competition and other factors beyond control and, therefore, are subject to material change or variation.
In this Brochure, certain documents and other materials are described in summary form. The summaries do not purport to be complete nor, necessarily, accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to independently review all documents.
This Brochure is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the Property by The Hoffman Company or the Seller. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the advisability of purchasing the Property described herein.
Seller and The Hoffman Company expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the property and/or to terminate discussions with any party at any time with or without notice. Seller shall have no legal commitment or obligation to any purchaser reviewing this Brochure or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered and approved by the Seller and any conditions to Seller’s obligations there under have been satisfied or waived. The Hoffman Company is not authorized to make any representations or agreements on behalf of Seller.
This Brochure is the Property of The Hoffman Company and may be used only by parties approved by The Hoffman Company. The Property is privately offered and, by accepting this Brochure, the party in possession hereof agrees (i) to return it to The Hoffman Company immediately upon request of The Hoffman Company or Seller and (ii) that this Brochure and its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Brochure may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of The Hoffman Company and Seller.
Please be advised, Buyer acknowledges that The Hoffman Company Organization, may (1) act as an agent for more than one prospective Buyer on the subject property and/or (2) act as the agent for both the Buyer and Seller on the subject property. Any prospective Buyer requesting The Hoffman Company to submit an offer on its behalf acknowledges the foregoing disclosures and agrees to the described agency relationships with other prospective Buyers.
POSSIBLE REPRESENTATION OF MORE THAN ONE BUYER OR SELLER - DISCLOSURE AND CONSENT (C.A.R. Form PRBS, 11/14)
A real estate broker (Broker), whether a corporation, partnership or sole proprietorship, may represent more than one buyer or seller. This multiple representation can occur through an individual licensed as a broker or salesperson or through different individual broker’s or salespersons (associate licensees) acting under the Broker’s license. The associate licensees may be working out of the same or different office locations.
Multiple Buyers: Broker (individually or through its associate licensees) may be working with many prospective buyers at the same time. These prospective buyers may have an interest in, and make offers on, the same properties. Some of these properties may be listed with Broker and some may not. Broker will not limit or restrict any particular buyer from making an offer on any particular property whether or not Broker represents other buyers interested in the same property.
Multiple Sellers: Broker (individually or through its associate licensees) may have listings on many properties at the same time. As a result, Broker will attempt to find buyers for each of those listed properties. Some listed properties may appeal to the same prospective buyers. Some properties may attract more prospective buyers than others. Some of these prospective buyers may be represented by Broker and some may not. Broker will market all listed properties to all prospective buyers whether or not Broker has another or other listed properties that may appeal to the same prospective buyers.
Dual Agency: If Seller is represented by Broker, Seller acknowledges that broker may represent prospective buyers of Seller’s property and consents to Broker acting as a dual agent for both seller and buyer in that transaction. If Buyer is represented by Broker, buyer acknowledges that Broker may represent sellers of property that Buyer is interested in acquiring and consents to Broker acting as a dual agent for both buyer and seller with regard to that property.
In the event of dual agency, seller and buyer agree that: (a) Broker, without the prior written consent of the Buyer, will not disclose to seller that the Buyer is willing to pay a price greater than the offered price; (b) Broker, without the prior written consent of the seller, will not disclose to the buyer that seller is willing to sell property at a price less than the listing price; and (c) other than as set forth in (a) and (b) above, a dual agent is obligated to disclose known facts materially affecting the value or desirability of the property to both parties.
Offers not necessarily confidential: Buyer is advised that seller or listing agent may disclose the existence, terms, or conditions of buyer’s offer unless all parties and their agent have signed a written confidentiality agreement. Whether any such information is actually disclosed depends on many factors, such as current market conditions, the prevailing practice in the real estate community, the listing agent’s marketing strategy and the instructions of the seller.
Buyer and seller understand that Broker may represent more than one buyer or more than one seller and even both buyer and seller on the same transaction and consents to such relationships.
The terms and conditions set forth above apply to this Brochure in its entirety.
Southern California Office
18881 Von Karman Avenue, Suite 150
Irvine, California 92612
T 949.553.2020 | F 949.553.8449
Coachella Valley Office
777 E Tahquitz Way, Suite 200
Palm Springs, California 92262
T 760.969.7357 | F 949.553.8449
Northern California Office
2121 North California Blvd., Suite 290
Walnut Creek, California 94596
T 925.478.8429 F 949.553.8449
w w w . h o f f m a n l a n d . c o m
Nevada Office
9205 W Russell Rd, Suite 235
Las Vegas, Nevada 89148
T 702.793.4370
The
Hoffman
Company
Leading the LandBrokerage IndustryC A L I F O R N I A + N E V A D A